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Brief Exercise 18-4 Vour answer is partially correct. Try again. Using the following data from the comparative balance sheet of Goody Company. December 31, 2017
Brief Exercise 18-4 Vour answer is partially correct. Try again. Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $452,500 5845,000 $2,500,000 5433,840 5797,500 $3,190,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Accounts receivable 5452,500 35.21 % 5433,840 34.91 % Inventory 5845,000 64.81 % $797,500 65.11 % Total assets $2,500,000 $3,190,000
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